I would take the record producer approach and get paid a lot up front. Only because I've been in the EXACT same position once and took a tiny (near-free) salary for "a vested interest" and got fucked. Equity in a private concern like this is worth nothing. You should get paid in dollars (or whatever your local currency is).
Or a combination that is very heavily weighted to cash. Instead of $120 an hour, $100 an hour and 1% of the company. That way, if it becomes Google, your (eventual 0.01%) stake is worth something.
Hmmm, I hadn't considered a combo deal like that. That'd be nice too because then I could continue to put food on the table and claim a stake in the venture. Thanks for your insight!
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I would take the record producer approach and get paid a lot up front. Only because I've been in the EXACT same position once and took a tiny (near-free) salary for "a vested interest" and got fucked. Equity in a private concern like this is worth nothing. You should get paid in dollars (or whatever your local currency is).
Or a combination that is very heavily weighted to cash. Instead of $120 an hour, $100 an hour and 1% of the company. That way, if it becomes Google, your (eventual 0.01%) stake is worth something.
Hmmm, I hadn't considered a combo deal like that. That'd be nice too because then I could continue to put food on the table and claim a stake in the venture. Thanks for your insight!